Business
Half-year Report
FRP Advisory Group PLC reported half-year results for the period ending 31 October 2025, showing a 12% increase in revenue to £87.1 million, with underlying adjusted EBITDA growing 3% to £23.0 million. The company also saw a 2% increase in reported basic EPS to 5.43p and maintained a strong balance sheet with net cash of £16.5 million. The interim dividend was increased by 5% to 2.0p per share. FRP expanded its service offerings through the acquisition of One Advisory Group and announced plans to launch a sixth service pillar, Real Estate Advisory, following the acquisition of Arc & Co. The company remains confident in achieving full-year expectations. Disclaimer*
About this update from Frp Advisory Group Plc
[{"type":"text","content":"\n\nFRP ADVISORY GROUP PLC\n(\"FRP\", the \"Group\" or the \"Company\")\n \nHalf Year Results\nFor the six months ended 31 October 2025\n \nFRP Advisory Group plc, a leading national specialist business advisory firm, announces its half year results for the six months ended 31 October 2025 (\"H1 2026\").\nSpecialising in Restructuring Advisory, Corporate Finance, Debt Advisory, Financial Advisory and Forensic Services, FRP delivers strategic solutions across a broad range of situations that deliver clarity and confidence in times of change. Following the acquisition of Arc & Co in November 2025, the Group intends to launch a sixth service pillar, Real Estate Advisory. Each service pillar complements each other, drawing on experts from each discipline to assemble the best team for each situation.\nHighlights, including KPIs* For the six months ended 31 October 2025 - 'H1 2026'\n\n\n\n\nFinancial\n\n\nH1 2026\n\n\nH1 2025\n\n\nGrowth\n\n\n\n\nRevenue+\n\n\n £87.1m\n\n\n £77.6m\n\n\n12%\n\n\n\n\nUnderlying adjusted EBITDA1+\n\n\n £23.0m\n\n\n £22.3m\n\n\n3%\n\n\n\n\nReported profit before tax\n\n\n £18.3m\n\n\n £17.8m\n\n\n3%\n\n\n\n\nAdjusted profit before tax2+\n\n\n £21.1m\n\n\n £20.3m\n\n\n4%\n\n\n\n\nReported basic EPS\n\n\n 5.43p\n\n\n 5.34p\n\n\n2%\n\n\n\n\nAdjusted total EPS3\n\n\n6.11p\n\n\n 5.97p\n\n\n2%\n\n\n\n\nCash collection (inclusive of VAT where applicable)+\n\n\n £81.0m\n\n\n £70.6m\n\n\n15%\n\n\n\n\nH1 dividends\n\n\n 2.0p\n\n\n 1.9p\n\n\n5%\n\n\n\n\nNet cash4\n\n\n £16.5m\n\n\n £13.3m\n\n\n24%\n\n\n\n\nRevenue per Partner for 6 months+\n\n\n £0.9m\n\n\n £0.7m\n\n\n19%\n\n\n\n\nNon-Financial\n\n\n\n\n\n\n\n\n\n\n\n\n\nNumber of administration appointments+\n\n\n87\n\n\n98\n\n\n(11%)\n\n\n\n\nNumber of fee earners, including Partners+\n\n\n672\n\n\n617\n\n\n9%\n\n\n\n\nNumber of colleagues, excluding Consultants\n\n\n861\n\n\n777\n\n\n11%\n\n\n\n\nColleague utilisation rate+\n\n\n65%\n\n\n69%\n\n\n\n\n\n\n\n\n*KPIs are marked by \"+\"\nFinancial highlights\n· Delivered solid profitable growth against a strong comparative period\no Revenue increased 12%, of which 5% was on an organic basis and 7% acquired. This represents a solid performance against a very strong comparative per...